View: Interim Budget balances fiscal discipline, welfare & growth

This year’s interim budget, presented by Finance Minister Nirmala Sitharaman, takes place in a turbulent global economic environment. Despite this, the budget maintains a balance between economic growth and fiscal consolidation, with a fiscal deficit of 5.1% of GDP. The budget also supports capital expenditure and rural infrastructure, promotes investment in post-harvest infrastructure, and establishes a corpus for interest-free loans to support research and innovation.

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